Quarterly report pursuant to Section 13 or 15(d)

Information About Liberty's Operating Segments (Tables)

v3.20.1
Information About Liberty's Operating Segments (Tables)
3 Months Ended
Mar. 31, 2020
Information About Liberty's Operating Segments  
Schedule of revenue disaggregated by source

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Three months ended

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March 31,

​

​

    

2020

    

2019

 

​

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amounts in millions

​

Liberty SiriusXM Group

​

​

​

 

​

​

Sirius XM Holdings:

​

​

​

​

​

​

Subscriber

​

$

1,585

​

1,458

​

Advertising

​

 

285

​

209

​

Equipment

​

​

41

​

41

​

Other

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​

41

​

36

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Total Liberty SiriusXM Group

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​

1,952

​

1,744

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Braves Group

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​

 

​

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Corporate and other:

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​

 

​

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Baseball

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12

 

14

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Development

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10

 

8

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Total Braves Group

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​

22

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22

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Formula One Group

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​

​

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Formula 1:

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​

​

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Primary

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​

13

​

198

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Other

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​

26

​

48

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Total Formula One Group

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​

39

​

246

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Consolidated Liberty

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$

2,013

 

2,012

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Adjusted OIBDA by segment

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Three months ended

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March 31,

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​

    

2020

    

2019

 

​

​

amounts in millions

​

Liberty SiriusXM Group

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​

​

​

​

​

Sirius XM Holdings

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$

639

 

590

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Corporate and other

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(7)

 

(2)

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Total Liberty SiriusXM Group

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632

 

588

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Braves Group

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​

​

​

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Corporate and other

​

 

(26)

 

(33)

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Total Braves Group

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(26)

 

(33)

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Formula One Group

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​

​

​

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Formula 1

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(32)

 

65

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Corporate and other

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​

(10)

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(6)

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Total Formula One Group

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(42)

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59

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Consolidated Liberty

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$

564

 

614

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Other Information By Segment

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March 31, 2020

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​

    

Total

    

Investments

    

Capital

 

​

​

assets

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in affiliates

​

expenditures

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​

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amounts in millions

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Liberty SiriusXM Group

​

​

​

​

​

​

​

​

Sirius XM Holdings

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$

30,685

 

670

 

62

​

Corporate and other

​

​

423

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—

​

—

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Total Liberty SiriusXM Group

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31,108

​

670

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62

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Braves Group

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​

​

​

​

​

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Corporate and other

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​

1,715

​

101

​

24

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Total Braves Group

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1,715

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101

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24

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Formula One Group

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​

​

​

​

​

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Formula 1

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​

9,684

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—

​

2

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Corporate and other

​

 

1,678

 

671

 

—

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Total Formula One Group

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​

11,362

​

671

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2

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Elimination (1)

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(267)

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—

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—

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Consolidated Liberty

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$

43,918

 

1,442

 

88

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(1) This is primarily the intergroup interests in the Liberty SiriusXM Group and the Braves Group held by the Formula One Group, as discussed in note 2. The intergroup interests attributable to the Formula One Group are presented as an asset and the intergroup interests attributable to the Liberty SiriusXM Group and the Braves Group are presented as liabilities in the attributed financial statements and the offsetting amounts between tracking stock groups are eliminated in consolidation.
Reconciliation of Adjusted OIBDA to operating income (loss) and earnings (loss)

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Three months ended

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​

​

March 31,

​

​

    

2020

    

2019

 

​

​

amounts in millions

​

Adjusted OIBDA

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$

564

 

614

​

Legal settlements and reserves

​

​

16

​

(25)

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Stock-based compensation

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(67)

 

(65)

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Acquisition and other related costs (note 3)

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​

—

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(76)

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Depreciation and amortization

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(267)

 

(248)

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Operating income (loss)

​

​

246

​

200

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Interest expense

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(164)

 

(159)

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Share of earnings (losses) of affiliates, net

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(62)

 

(20)

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Realized and unrealized gains (losses) on financial instruments, net

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1

 

(98)

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Other, net

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17

 

8

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Earnings (loss) before income taxes

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$

38

 

(69)

​